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Private Capital · Jakarta

Your Partner in Seizing Opportunities and Driving Sustainable Growth

Thornhill Capital provides growth capital and ownership-transition financing to mid-market Indonesian businesses — structured so founders keep control of what they built.

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Thornhill Capital investment analysis

About Thornhill

Capital, strategy, and execution — not just a check.

Thornhill Capital is a private investment fund accelerating the growth of Indonesian businesses through fundraising, value creation, and structured financial solutions. We strengthen fundamentals, unlock growth, and position companies for high-value exits, including IPOs and M&A.

Founded by Muhammad Kukuh Pratama and Christopher D. Wijaya, we bring investment expertise, capital markets experience, and entrepreneurial leadership. Unlike traditional investors, we are active partners — providing capital, strategy, and execution to build market leaders.

Growth capital shouldn’t cost you control.

How We Invest

Structured to back founders, not replace them.

Deal Size

US$7M+

≈ Rp 100 billion and above

Company Scale

Rp 30bn+

Minimum EBITDA

Geography

Indonesia

Mid-market, nationwide

Instrument

Convertible Loan

With equity kicker — non-control

Sector Focus

We back consumer businesses people already trust.

Sector agnostic in principle, with priority toward B2C, consumer-facing businesses with a demonstrated track record of profitability.

Retail & F&B Chains Consumer Goods (FMCG) Healthcare & Pharmacy Retail Beauty & Personal Care Fashion & Apparel Retail Education Services Fitness & Wellness Furniture & Home Goods Export & Trading Goods

Vision & Mission

Transform mid-sized Indonesian businesses into industry pioneers.

Transform mid-sized Indonesian businesses into industry pioneers.

Provide capital solutions that deliver measurable growth and superior returns.

Strengthen fundamentals and prepare companies for premium exits.

Accelerate sustainable growth with a founder-centric strategy, optimizing near-term gains while maximizing long-term financial value.

Strategic Investment Approach

At Thornhill Capital, we deliver capital, strategy, and execution to accelerate business growth and maximize value. Backed by deep financial expertise, extensive networks, and institutional capital access, we provide funding, expansion, and exit solutions that drive real results.

Portfolio

Businesses we’ve backed.

Leadership

Meet the Founders

Muhammad Kukuh Pratama

Muhammad Kukuh Pratama

Co-Founder

Experienced private equity and corporate finance professional with a strong track record in structuring high-value, strategic deals across multiple industries.

Career Highlights

Mirae Asset Sekuritas Indonesia — Manager, Investment Banking

Led deal sourcing, capital market structuring, and fundraising for high-growth enterprises.

Danareksa Investment Management — AVP, Alternative Investment

Oversaw IDR 10 trillion AUM focusing on private equity, private debt, and mortgage-backed securities.

Education

Universitas Indonesia

B.Sc. in Accounting & Finance

Christopher Daniel Wijaya

Christopher Daniel Wijaya

Co-Founder

A finance professional and serial entrepreneur with demonstrated success in investment banking, private equity, and venture capital.

Career Highlights

Google — Senior Account Manager

Secured US$35 million in joint partnerships with top Indonesian e-commerce players (Blibli, Tokopedia, Traveloka, Gojek).

DBS Vickers — Equity Research Analyst

Led banking and multi-finance sector analysis, supporting a US$250 million bond issuance for Indosat.

Deloitte — Financial Advisory Associate

Engineered valuation models and transaction structures across coal mining, logistics, oil & gas, and consumer products.

Education

IE Business School

MBA (Dean’s Honor List, Top 10%)

Simon Fraser University

BBA in Finance & International Business

Get In Touch

Let’s talk about your business.

Whether you’re raising growth capital or exploring a shareholder transition, we’d like to hear from you.

Email info@thornhillcapital.co.id

Office

One Pacific Place Lt. 15, SCBD,
Jl. Jend. Sudirman Kav 52–53,
Senayan, Kebayoran Baru,
Jakarta Selatan, DKI Jakarta 12190

Contact

Phone: +62 21 3005 3500
Fax: +62 21 3005 3600
Email: info@thornhillcapital.co.id